Final answer:
Information Technology refers to all the equipment and techniques for managing and processing information, and Information is the most valued commodity in a postindustrial society.
Step-by-step explanation:
The term that refers to all of the equipment and techniques needed to manage and process information is b. Information technology. Information technology encompasses the hardware, software, databases, networks, and other electronic tools and practices used in the collection, storage, processing, and dissemination of information.
Regarding the most important commodity in a postindustrial society, the answer is c. Information. In these societies, information is considered more valuable than industrial products and raw materials, and it plays a crucial role in nearly all aspects of life, including the economy, politics, culture, and personal activities.